Thompson Street Acquires Palisade

Thompson Street Capital Partners has acquired Palisade Corporation in partnership with the company’s management team.

Palisade is a provider of analysis software, under the @RISK and the DecisionTools Suite brands, which enable Microsoft Excel and other software platforms to perform risk modeling and decision analysis. Palisade’s customers, which include 93 companies in the Fortune 100, are active in a wide range of industries including finance, oil and mineral exploration, real estate, heavy manufacturing, pharmaceuticals, and aerospace.

Palisade, led by CEO Randy Heffernan, was founded in 1984 and is headquartered in Ithaca, NY (www.palisade.com).

“Partnering with Thompson Street will enable Palisade to put our growth strategy into high gear,” said Mr. Heffernan. “By leveraging Thompson Street’s track record of accelerating other technology sector leaders like Palisade, we expect to drive innovation and growth within the risk analytics space for years to come.”

“For more than thirty years, Palisade has developed market-leading risk analysis software that enables mission-critical decision making at many of the world’s largest and most complex organizations,” said Craig Albrecht, a Managing Director at Thompson Street. “We are excited to partner with Palisade’s outstanding leadership team to expand into new markets, reach new users and create new value for our customers.”

Thompson Street invests from$25 million to $150 million in companies with EBITDA between $5 million and $20 million. Sectors of interest include healthcare and life science services, software and technology services, business services, and engineered products. Since its founding in 2000, Thompson Street has acquired more than 100 companies. The firm is headquartered in St. Louis (www.tscp.com).

In July 2018, Thompson Street held a final closing of its fifth fund, Thompson Street Capital Partners V LP, at the hard cap of $1.15 billion. The new fund was oversubscribed and exceeded its original $850 million target. The firm’s earlier fund closed with $640 million of capital commitments in December 2015.

Lincoln International (www.lincolninternational.com) was the financial advisor to Palisade on this transaction.

© 2018 Private Equity Professional | November 28, 2018

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